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November 23, 2024
 

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ECONOMY

Japan's base pay in April rose 2.3% from a year earlier to drive up nominal wages by 2.1%, but real wages marked a 25th consecutive month of decline as pay growth lagged inflation.
BUSINESS / Economy
Jun 5, 2024
Japan’s biggest base pay jump since 1994 still leaves doubts
Pay continues to lag inflation, with analysts appearing to latch on to weaker-than-expected growth in cash wages in data that avoids sampling issues.
Geely Automobile Holdings' Zeekr electric vehicles bound for shipment to Europe at the Port of Taicang in Taicang, Jiangsu Province, China, on Aug. 24, 2023
BUSINESS / Tech
Jun 5, 2024
China risks trade war on two fronts as low-tech exports soar, too
The European Union is poised to slap tariffs on Chinese electric vehicles this week, the latest example of rising barriers to global trade.
Today's leaders need to balance national security measures with global cooperation to prevent the unraveling of the world's economy.
COMMENTARY / World
Jun 4, 2024
The global economy is more fragile than it seems
Today's leaders need to balance national security measures with global cooperation to prevent the unraveling of the world's economy.
The draft of this year's long-term economic policy road map says consumption is stalling even though Japan's economy is continuing to recover moderately.
BUSINESS
Jun 4, 2024
Draft economic policy road map warns of weak yen's impact on households
The reference to the weak yen's impact will likely keep the Bank of Japan under pressure to raise interest rates or slow its huge bond buying.
Japanese companies' capital expenditures on goods excluding software fell 0.5% in the three months through March from the previous quarter.
BUSINESS / Economy
Jun 3, 2024
Japan’s firms trim spending, reflecting headwinds to growth
Capital expenditures on goods excluding software fell 0.5% in the three months through March from the previous quarter.
Toshimitsu Motegi
JAPAN
Jun 2, 2024
LDP's Motegi calls for fully opening up ride-hailing market
Starting in April, ride-hailing services are allowed in some parts of the country, but operators of such services are limited to taxi companies now.
The National Diet Building in Nagatacho, Tokyo. The guidelines, to be released as early as this month, are expected to include measures to ensure that higher costs are reflected in product and service prices.
JAPAN
Jun 1, 2024
Japan to highlight resolve to defeat deflation
According to a draft, the government will aim to build a sustainable economy and society while resolving social problems the country faces.
A monitor showing the Nikkei 225 index and the yen exchange rate in Tokyo. The yen is expected to remain under pressure given the yawning gap between interest rates in Japan and the U.S.
BUSINESS / Economy
Jun 1, 2024
Japan spent record ¥9.8 trillion to prop up yen in past month
The record spending on intervention shows the government’s resolve to push back against speculators betting against the yen.
The dollar’s about-face came after Fed Chair Jerome Powell waved off worries that the central bank may raise interest rates again.
BUSINESS / Economy
Jun 1, 2024
The dollar’s rally falters as signs of cooling ease Fed fears
The dollar’s about-face came after Fed Chair Jerome Powell waved off worries that the central bank may raise interest rates again.
A residential development under construction in Shanghai in February. Problems in the property sector have had a negative impact across broad areas of China's economy.
BUSINESS / Economy
May 31, 2024
China's factory activity unexpectedly dips as property pain persists
The disappointing number adds to a series of recent indicators showing the $18.6 trillion economy is struggling to get back on its feet.
Prime Minister Fumio Kishida's government is implementing a tax cut of ¥40,000 per person from June to ensure income growth that outpaces inflation.
BUSINESS
May 31, 2024
Kishida government's much-touted tax cut to start in June
The prime minister has stressed that the tax cut is designed to ensure income growth that outpaces inflation.
Consumer prices excluding fresh food rose 1.9% in May in the capital, internal affairs ministry data showed Friday.
BUSINESS / Economy
May 31, 2024
Tokyo inflation picked up in May, keeping BOJ on track for rate hike
The capital's inflation figures typically serve a indicator for national trends, suggesting a similar acceleration is likely for the rest of Japan.
As mind-numbingly big as the clean-energy price tag may be, it’s actually a bargain compared with the potential economic destruction of unabated climate change.
COMMENTARY / World
May 31, 2024
$215 trillion to save the planet is a bargain
And as mind-numbingly big as $215 trillion may be, it’s actually a bargain compared with the potential economic destruction of unabated climate change.
Transport minister Tetsuo Saito speaks to reporters at the Prime Minister's Office on Thursday after meeting Prime Minister Fumio Kishida.
JAPAN
May 31, 2024
Government defers decision on ride-hailing services
Some officials from the transport ministry and Komeito are strongly opposed to fully lifting the current ban.
Keidanren Chairman Masakazu Tokura speaks during an interview in Tokyo on May 23.
BUSINESS
May 31, 2024
Keidanren to propose policy on foreign workers
The association will draw up a medium-term vision of the economy and society called "Future Design 2040."
Ever since the Bank of Japan ended its negative rate policy, calls for the government to strengthen its fiscal discipline have been growing, with the country being haunted by public debt that is about twice the size of its gross domestic product.
BUSINESS / Economy / FOCUS
May 30, 2024
Two cheers for the end of free money in Japan
Corporations are better prepared for more expensive money than they were in the past, with strong balance sheets and a better understanding of risk.
Trade no longer generates a surplus in Japan, reflecting a surge in the cost of energy imports and an increase in offshore production.
BUSINESS / Economy
May 30, 2024
Yen's relentless slide revives Japan's interest in structural reforms
The currency's persistent weakness has alerted policymakers to more fundamental drivers behind it, such as the nation's dwindling global competitiveness.
An LDP panel's proposal on fiscal policy underscores how a weak yen and an exit from ultra-low interest rates are piling pressure on Japan to rein in its huge public debt.
BUSINESS
May 30, 2024
Japan must restore fiscal discipline to protect yen's value, LDP panel says
The views of the panel of Liberal Democratic Party lawmakers are shared by the powerful Finance Ministry, who oversees the state budget.
The ultimate challenge for the next government is to balance infrastructure investment with measures that improve household financial stability and income.
COMMENTARY / World
May 29, 2024
India’s election winner has a repair job waiting
The ultimate challenge for the next Indian government is to balance infrastructure investment with measures that improve household financial stability and income.
With the recent focus on the yen and individual investing, the phrase "Mrs. Watanabe" — one of the most common pieces of jargon in Japanese financial circles — has seen a resurgence.
COMMENTARY / Japan
May 29, 2024
My search for the original 'Mrs. Watanabe'
Yen retail traders are back in the spotlight. But where did the phrase for the archetypal Japanese housewife investor come from?
Tokyo Metro’s overseas efforts begin in earnest with London deal
Tokyo Metro will soon have a role in the running of London's Elizabeth Line, a major train route serving the U.K.’s capital city and environs.
Man charged with murder allegedly made victim date other men for money
A car carrying suspect Ryotaro Masuda, who was indicted for allegedly beating his 25-year-old girlfriend to death, leaves the Shibuya Police Station in Tokyo on Thursday.
Russia fired experimental ballistic missile at Ukraine, Putin says
Ukrainian firefighters work on a spot following an airstrike in Dnipro on Thursday.
Ex-yokozuna Kitanofuji dies at 82
Yokozuna Kitanofuji enters the ring during the May 1970 grand sumo tournament in Tokyo.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”
Shohei Ohtani wins National League MVP award
Shohei Ohtani celebrates after hitting a three-run home run against the Padres during the National League Division Series at Dodger Stadium in Los Angeles last month.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”
Around a quarter of Japan married couples in their 20s met through dating apps
A survey released by an organization promoting “Good Couples Day” shows that 24% of couples in their 20s met their marriage partner through a dating app.
'Tokyo Swindlers': Get deep into the minds of real estate con artists
In Ko Shinjo's "Tokyo Swindlers," a group of con artists manipulates real estate giants into falsified deals within the highly competitive, quick market.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.

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